The organization responsible for the reliability of the U.S. and Canadian power grids said on Nov. 9 that generation resources could be tight across a large portion of North America on the coldest days this winter.
The North American Electric Reliability Corp. (NERC) said its 2022-2023 Winter Reliability Assessment warned: “that a large portion of the North American bulk power system is at risk of having insufficient energy supplies during severe winter weather.”
The U.S. has been beset by extreme weather events in recent years that forced power grid operators to impose rotating outages, as happened during a February 2021 freeze in Texas and an August 2020 heat wave in California.
Earlier this year, federal energy regulators and regional electric grid operators raised concerns about power reliability during the summer in the U.S. Midwest territory of the Midcontinent Independent System Operator (MISO).
Federal regulators also warned that the New England region faced its highest energy costs in more than 25 years this winter due to tight heating oil supplies and fierce competition for LNG.
NERC said the assessment concluded that “high peak-demand projections, inadequate generator weatherization, fuel supply risks, and limited natural gas infrastructure are contributory factors to reliability risk.”
It added that it will hold a briefing on the winter assessment on Nov. 17.
Recommended Reading
Wildcatting is Back: The New Lower 48 Oil Plays
2024-12-15 - Operators wanting to grow oil inventory organically are finding promising potential as modern drilling and completion costs have dropped while adding inventory via M&A is increasingly costly.
Matador’s U-lateral Delaware Tests Outproduce 2-mile Straight Holes
2024-10-30 - Matador Resources' results from eight Loving County, Texas, tests include two 2-mile U-turn laterals, five 2-mile straight laterals and one 1-mile straight lateral, according to state data.
Coterra Takes Harkey Sand ‘Row’ Show on the Road
2024-11-20 - With success to date in Harkey sandstone overlying the Wolfcamp, the company aims to make mega-DSUs in New Mexico with the 49,000-net-acre bolt-on of adjacent sections.
SM, Crescent Testing New Benches in Oily, Stacked Uinta Basin
2024-11-05 - The operators are landing laterals in zones in the estimated 17 stacked benches in addition to the traditional Uteland Butte.
Hot Permian Pie: Birch’s Scorching New Dean Wells in Dawson County
2024-10-15 - Birch Resources is continuing its big-oil-well streak in the Dean formation in southern Dawson County with two new wells IP’ing up to 2,768 bbl/d.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.